Making The World Safe...For Bankers

[zengrifter]

Making The World
Safe...For Bankers

By Henry Makow Ph.D
7-19-8

International bankers live in fear. Not of starvation, disease or war. These are the concerns of children in the Third World.

Bankers are terrified we might object to paying them billions each year in interest for money they create out of nothing, guaranteed by our taxes. (The Federal Reserve Board, a private cartel of mostly foreign banks, finagled this monopoly in 1913.http://www.savethemales.ca/260602.html)

The bankers are frightened that, like the homeless man's dog, we might say, "I can do this myself."

They are scared the government might go even further and "default" on trillions of make-believe "debt."

MORE- http://rense.com/general82/safe.htm

[QFIT]

Hey bankers are people too.

Seriously though, if government wants to build bridges and roads and wage wars -- then that is what taxes are for. This is the first major war ever fought by the US without raising the money to wage it. In other words, our children and their children and their children will pay for it. You can't blame the people that loan money to the gov't because the president wants to delay the payment for his adventures until some other president is in office. Bush will claim he reduced taxes while ignoring the fact that he just borrowed the money instead. A Democrat will follow and he will have to pay the debt run up by this Admin -- and he will be blamed for raising taxes.

[zengrifter]

Originally Posted by QFIT

Hey bankers are people too.

Seriously though, if government wants to build bridges and roads and wage wars -- then that is what taxes are for. This is the first major war ever fought by the US without raising the money to wage it. In other words, our children and their children and their children will pay for it. You can't blame the people that loan money to the gov't because the president wants to delay the payment for his adventures until some other president is in office. Bush will claim he reduced taxes while ignoring the fact that he just borrowed the money instead. A Democrat will follow and he will have to pay the debt run up by this Admin -- and he will be blamed for raising taxes.

Income tax ONLY pays fed-reserve (bankers) interest on treasury debt. zg

[moo321]

Oh, come on. Treasure debt is paying like 3-4% annually right now. I can do better than that in a savings account.

[zengrifter]

I said: "fed income tax ONLY goes to interest on debt." zg

[moo321]

That's ludicrous. The real problem is the war in Iraq, which is causing the national debt. If we bail out any more companies, we're gonna get a credit downgrade from AAA too. Happened in Japan during the "lost decade" (the 90's).

[zengrifter]

Originally Posted by moo321

That's ludicrous.

You're saying that fed income tax goes to something other than paying interest on govt debt to the Fed? zg

[moo321]

Originally Posted by zengrifter

You're saying that fed income tax goes to something other than paying interest on govt debt to the Fed? zg

Yes, do you have any government sources that say otherwise?

[QFIT]

Last I looked, a bit under 10% of the budget goes to interest payments. Somewhat less than half of that goes to countries that have loaned us money -- Japan and China at the top. When you remove Medicare and SS, which aren't supposed to be party of the budget, and count the wars, the majority of money goes to the military and associated organizations (Homeland Security, CIA, NSA, etc).

[zengrifter]

I'll stand by this -

The many other taxes paid fund all of the aspects of America that the federal government provides (or are at least meant to). The sole purpose of the income tax is to pay the interest on the loans the federal government takes from the ‘Federal Reserve’.